Cardano has slipped about 1.54% in the past day, but signs are pointing toward a turn in its fortunes. Traders have spotted a rare weekly golden cross on the ADA/USD chart. That happens when a shorter moving average crosses above a longer one. It can signal that buyers are gaining the upper hand after months of sideways action.
First Ever Weekly Golden Cross
According to analyst Mr. Brownstone, Cardano just logged its first‑ever weekly golden cross, with the 50‑week moving average climbing above the 200‑week line.
ADA is trading at $0.60, under both its 50‑day MA at $0.66 and its 200‑day MA at $0.64. That gap means bulls need more firepower to push price back above key levels. Still, the weekly signal has many calling a bullish move ahead.
Anyone else notice that Cardano just had it’s first Weekly Golden Cross ever?
pic.twitter.com/d7gvWQfN1Z
— Mr Brownstone (@GunsRoses1987) July 9, 2025
Price Levels To Watch
Based on examination from MasterAnanda, ADA will likely need to reclaim its 34‑period EMA and the 200‑day MA before a real uptrend can take hold. Many traders use those levels as checkpoints.
If ADA closes above $0.64, it could draw new buyers in. On the flip side, a drop under $0.59 might trigger more selling pressure.
Whales Return To Accumulate
Analyst Ali Martinez has noted that large holders scooped up about 120 million ADA over the past two weeks. These addresses, each holding between 1 million and 10 million ADA, now control roughly 5.5 billion ADA—worth around $3.3 billion at current prices.
When big wallets pile in, it often suggests confidence that prices will head higher. But it can also lead to quick flips if whales decide to take profits.
Whales bought over 120 million Cardano $ADA in the last two weeks! pic.twitter.com/HOjvzB6fqd
— Ali (@ali_charts) July 8, 2025
Cardano: Forecasts And Sentiment
Several price targets have emerged in recent weeks. Some analysts expect ADA to climb to $1.33, while others think $10 is within reach this cycle. Price prediction by CoinCodex points to a 25% rise to $0.74 by August 8, 2025.
Right now, technical indicators lean bearish, and the Fear & Greed Index sits at 59 (Neutral). Cardano has seen 14 out of the last 30 days end in green, with volatility around 7.54%, according to the price prediction site.
Outlook And Next Steps
Cardano’s weekly golden cross is a bullish sign, but price still needs to clear shorter‑term hurdles. Traders looking for confirmation may wait for ADA to close above $0.66 on the daily chart.
Those already in position might set a stop‑loss below $0.59 to guard against a rejection. With whale activity back on the rise and long‑term targets ranging from $1.33 to $10, Cardano is once again on investors’ radar.
However, broader market trends—especially moves in Bitcoin—will likely dictate whether ADA’s momentum can stick.
Featured image from Meta, chart from TradingView
